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The Tennessee Department of Financial Institutions (TDFI)

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News
COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE DECEMBER 9, 2025
Tuesday, December 09, 2025 | 10:59am

NASHVILLE--Commissioner of Financial Institutions Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 11.00 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 7.00 percent as published by the Federal Reserve on December 8, 2025.

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News
COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE NOVEMBER 4, 2025
Tuesday, November 04, 2025 | 09:27am

NASHVILLE--Commissioner of Financial Institutions Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 11.15 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 7.15 percent as published by the Federal Reserve on November 3, 2025.

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